A List Of Obama’s Green Energy Failures

How could he? He’s never held a real job.

CNSNews.com reports on a recent White House Press Conference that included a discussion of our green energy failures:

The Obama administration’s investments in clean energy include a number of successes, White House Press Secretary Jay Carney asserted Tuesday. However, a review of the federally subsidized green companies finds that most have either filed for bankruptcy or made massive layoffs.

Carney responded to a question about criticism from Republican presidential nominee Mitt Romney regarding the $535 million Department of Energy loan to the politically connected Solyndra solar panel firm that filed for bankruptcy last fall before being raided by the FBI.

“I think the program, as created under the Bush administration and pursued by this administration, has always acknowledged that not every company invested in would succeed,” Carney said. “That is why things like that needed investment in order to scale up to allow them to grow and succeed.

“The portfolio as I understand it contains a number of companies that are progressing and succeeding.

Really, Jay?

A number of companies.  Gee.  Could we have a list please?  It shouldn’t be that hard to come up with.

And you’re blaming Bush for this?

Actually, what we do have is a staggering list of companies that the Obama administration has dumped your money into that aren’t doing so well.

Here’s a list of the companies that this administration was sure would be winners just a year or so ago.

  • Evergreen Solar – $3M in DoE funds, $58M from the state of Massachusetts;
  • SpecrtraWatt – $500K;
  • Solyndra – $535M;
  • Beacon Power – $43M;
  • Eastern Energy, an AES subsidiary -$17.1M;
  • Nevada Geothermal – $98.5M;
  • SunPower – $1.5B;
  • First Solar – $3B;
  • Babcock & Brown – $178M (they’re Australian);
  • Ener1 – $118.5M;
  • Amonix – $5.9M;
  • Fisker Automotive – $339M to build cars in Finland;
  • Abound Solar – $400M;
  • Solar Trust of America- $2.1B;
  • A123 Systems – $279M;
  • Willard & Kelsey Solar Group – $6M
  • Johnson Controls – $299M;
  • Schneider Electric – $86M.

What do these companies have in common, other than getting tons of your money?  Well, they’re all either in or headed for bankruptcy court.

Consider the Obama administration’s green “investment” pool to be the full employment act for bankruptcy lawyers.  Hey, at least somebody is finding jobs.

So the Obama administration and his Department of Energy has an unmitigated string of disasters on their hands that they refer to as “investments.”  They’ve probably learned their lesson, right?

From the New American:

Speaking at a July 16 campaign event in Cincinnati, Ohio, President Obama insisted that he does not make the same mistake twice, and that he would remain steadfast in his efforts to subsidize the “green” energy industry.

…the president promised that he would continue to “invest” in alternative energy technology if he is reelected in November. “We’re going to invest in American energy,” he vowed. “Yes, we want to continue to expand our production of oil and natural gas, but I also want to make sure we are the leaders in solar and biodiesel — the energy of the future that can help reduce dependence on foreign oil.”

“We’re going to invest in American energy…”

Huh?

If “we” were going to actually invest in American energy, “we” could do it without spending one crying dime of taxpayer money.  Heck, we wouldn’t even have to borrow any money from the Chinese to do it.  All we’d have to do is to open up public lands and offshore areas to new exploration.  Calling off the idiots who are suing to stop Alaskan oil exploration that’s already been approved would also be a good start.

If all of that isn’t enough to make your blood boil, this will, from The Foundry at Heritage:

A new book by Hoover Institution fellow Peter Schweizer details the startling extent of the cronyism that has pervaded President Obama’s “green jobs” push. According to Schweizer, 4 out of every 5 renewable energy companies backed by the Energy Department was “run by or primarily owned by Obama financial backers.”

Those companies’ “political largesse is probably the best investment they ever made in alternative energy,” Schweizer explains. “It brought them returns many times over.”

It’s bad enough that Democrats have a pipeline funding source from taxpayers through public employee unions to the Democratic Party, they’ve managed to open a new pipeline (not Keystone, which would help all Americans) from taxpayers through the Department of Energy to Obama supporters and bundlers to the Democrats.

November just can’t come soon enough.

  • http://www.facebook.com/profile.php?id=1510785739 Polly Parody Scoggins

    hasn’t he failed at everything ?

    • Panchito42

      Absolutely, not!!!

      He has been –and continues being– enormously successful in the destruction of free-enterprise America, which is what he seeks, as he publicly heralded it when vowing that, once in the White House, he was to fully engage in “…transforming the United States of America”…to socialism, that is.

  • http://www.facebook.com/profile.php?id=1332156764 Jimmy Foley

    Pretty much!

  • http://www.facebook.com/profile.php?id=1653154436 Robert Neidow

    Its to bad cause now green programs will never go forward with whatever adminstration, the Germans produced over half their electricity needs one day in June 2012. They and the Chinese will profit in the long run on these BS GAMBLES…..

  • http://www.facebook.com/profile.php?id=1389157025 Vernie E. Hole

    No he hasn’t failed!! He is doing exactly what he has told to do!! This guy doesn’t have a brain!!! Someone took it out and washed it in dog dung but forgot to clean it when they put it back in his head!!!!

  • http://www.facebook.com/profile.php?id=1436887997 Marie Maitia

    Way too many to mention, but we have to remember this is the plan to demean us and bring us down to the ground in a big way. He is definitely succeeding. Well, it is time to remove the problem and get this country back on to the right path. It is up to us, “We the People” have the power especially in numbers and we all know what that means. VOTE OUT OF OFFICE..

  • http://www.facebook.com/profile.php?id=1007119025 Eric Woodard

    This is just more proof Barry-O is just as anti-green agenda as the next guy. Green Energy is massively expensive. Not only to buy, but, to produce. If he wanted the Green Scam to be a success, he would first stop wrecking the economy, so a few leftist morons could afford to partake. But, he has proceeded to destroy weath and wealth producers nationwide. It’s all part of his Right-Wing agenda. OR… He could just be a complete dumb-ass.

  • http://www.facebook.com/profile.php?id=1192883341 John McDaniel

    Gosh, I wonder why his media doesn’t tell us about this?

  • http://www.facebook.com/profile.php?id=1813457674 Diane Teffeteller

    It’s over 9,000,000,000!!! BO wants us to be just like Spain!

    • Panchito42

      Oh, God!!! Spain will look like a children’s playground when he is done with America.

      Realize that Spain (the land of my ancestors and now with the conservatives in government, and desperately, panicky, attempting to mend and undo the damage) was wrecked during seven years of national governance by relatively harmless democratic-socialists spearheaded by Jose Luis Rodriguez-Zapatero, whereas Obama is a heavyweight 800-pound gorilla, a consummate Marxist-Leninist (specifically, of the “burnished” and non-physically-violent Western Marxist strand of Marxism-Leninism).

      Wait after he is reelected; “you ain’t seen nothing yet..”